BNP Paribas Takes $4.60 Million Position in DoorDash, Inc. $DASH

BNP Paribas bought a new position in shares of DoorDash, Inc. (NASDAQ:DASH) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 18,647 shares of the company’s stock, valued at approximately $4,596,000.

Other large investors also recently modified their holdings of the company. GFG Capital LLC acquired a new position in DoorDash during the second quarter worth $30,000. Saudi Central Bank acquired a new position in shares of DoorDash during the first quarter valued at about $25,000. WPG Advisers LLC bought a new stake in shares of DoorDash during the first quarter worth about $26,000. Pacific Center for Financial Services acquired a new stake in shares of DoorDash in the 1st quarter worth about $27,000. Finally, NewSquare Capital LLC lifted its position in DoorDash by 610.3% in the 2nd quarter. NewSquare Capital LLC now owns 206 shares of the company’s stock valued at $51,000 after acquiring an additional 177 shares in the last quarter. 90.64% of the stock is currently owned by institutional investors.

DoorDash Trading Down 4.2%

Shares of DoorDash stock opened at $220.30 on Thursday. The firm has a market cap of $94.95 billion, a PE ratio of 111.83 and a beta of 1.72. DoorDash, Inc. has a 1 year low of $155.40 and a 1 year high of $285.50. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.04 and a quick ratio of 2.04. The stock has a fifty day moving average price of $234.56 and a 200-day moving average price of $239.57.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.13). DoorDash had a return on equity of 9.97% and a net margin of 6.83%.The company had revenue of $3.45 billion for the quarter, compared to analysts’ expectations of $3.35 billion. During the same quarter in the previous year, the business earned $0.38 EPS. The company’s revenue for the quarter was up 27.3% on a year-over-year basis. Equities research analysts anticipate that DoorDash, Inc. will post 2.22 EPS for the current year.

Insiders Place Their Bets

In other DoorDash news, CEO Tony Xu sold 288,410 shares of the company’s stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $196.04, for a total transaction of $56,539,896.40. Following the sale, the chief executive officer directly owned 232,040 shares of the company’s stock, valued at $45,489,121.60. This represents a 55.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Stanley Tang sold 45,410 shares of DoorDash stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $205.07, for a total transaction of $9,312,228.70. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 679,563 shares of company stock worth $152,902,593 in the last ninety days. 5.83% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have commented on DASH shares. KeyCorp reissued an “overweight” rating and set a $280.00 price objective on shares of DoorDash in a report on Friday, November 21st. Royal Bank Of Canada decreased their price target on DoorDash from $300.00 to $270.00 and set an “outperform” rating for the company in a report on Thursday, November 6th. Benchmark increased their price target on DoorDash from $315.00 to $320.00 and gave the company a “buy” rating in a research report on Tuesday, November 4th. Wedbush upgraded DoorDash from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $160.00 to $260.00 in a research note on Thursday, November 13th. Finally, Wall Street Zen lowered shares of DoorDash from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, DoorDash presently has a consensus rating of “Moderate Buy” and an average price target of $275.62.

About DoorDash

DoorDash, Inc, together with its subsidiaries, operates a commerce platform that connects merchants, consumers, and independent contractors in the United States and internationally. The company operates DoorDash Marketplace and Wolt Marketplace, which provide various services, such as customer acquisition, demand generation, order fulfillment, merchandising, payment processing, and customer support.